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Macroeconomics Study Set 36
Quiz 20: Public Choice and Special-Interest-Group Politics
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Question 61
Multiple Choice
Exhibit 32-2
-Refer to Exhibit 32-2-(c) .Two candidates are competing for an electorate consisting of 11 voters labeled A-K shown positioned with respect to their ideological stands on issues.The median voter theory would predict that candidates will assume the ideological position(s)
Question 62
Multiple Choice
Exhibit 32-3
-Refer to Exhibit 32-3.The exhibit shows the breakdown of benefits and costs for a five-person community considering whether to purchase a $5,000 statue of Adam Smith to put in the center of the public square.If simple majority voting determines the outcome,the statue _______________ be purchased,and the total costs are ______________ the total benefits of the statue.
Question 63
Multiple Choice
Public choice theorists insist that when a person goes from public to private employment,his or her motivations __________ while the institutional arrangements shaping his or her actions __________.